Gas Price Going Up?

You may want to stop and fill-up. Here’s the latest from Ed: “Sunday, May 4, 2014, 9:30PM: The ethanol pricing problem is history (for now), and prices have been dropping the past week, except for some screwy jumps in Ohio. We are getting to the point where retail prices are about the same as what the retailers are paying, which means a price hike is on the horizon, perhaps as soon as Monday. Back to $3.79? –EA” I filled up Saturday evening at $3.40.

19 Responses to “Gas Price Going Up?”

Not what I want to hear, all the oil producers care about these days are $$$ and not what others are paying, once they see the prices reaching the peak, they want to trick everyone and raise the prices back up another 30-40 cents. It’s really getting old and I wish they would care about others. We as a nation need to stop buying gas for a couple days and that would really hurt the oil producers and they would lower the prices of gas significantly.

The boycott is honorable. However, for it to work you would need a huge coordinated effort. Millions would have to not buy gas for at least a week. One or two days will not have any affect. The oil companies are swimming in profits so you’ll need to hit them hard. Then after those million coordinate for a week. They would have to do it again and again. Perhaps you may get their attention then!

One way to boycott, buy only gas you need, and don’t buy anything in the store: coffee, hotdogs, pop and milk & bread, etc. They depend upon inside sales. It would hurt them quickly if people stop buying.

not likely. the only stations that would hurt are mom & pop owned single stations. Most stations are owned by companies that own many stations, so if they saw a temporary decrease of inside sales, they just make it up for it at other stores or jack up the prices in their current store even more, hurting you more in the long run. Stores in areas where there is less pricing competition/discount stations do this every day… just looking at the prices of Speedway in Grand Rapids, it’s as low as $3.449 to as high as $3.629. obviously, the cost of gas & getting it there is basically the same for any GR Speedway gas station, yet there is an 18 cents a gallon difference.

well if the crazy swings are what you want to end, then speedway is the culprit. no where else in the country do they have crazy price swings like here in the midwest (Michigan, Indiana, Ohio, Illinois especially)… states where Speedway has a large presence. anywhere else, a price hike of 10 cents makes the news. If it only went up 10 cents here in a week, we’d all be celebrating. And it’s only been getting worse the last couple years. It used to be 10 cents was big, then 20, then 30.. now, depending on where you are, the prices jump 40 cents or more even. If the price jumps to 3.79 like this article says, it will be a 43 cent jump here.

The price instability has been a issue for a long time and it will not get better anytime soon (if ever) as for now the oil companies and their distributors have us over the “barrel” And as long as there is greed (and there will be greed for a very long time to come) we will not see a end to price issues.
SlimJim